Oilfield Chemicals Market

Oilfield chemicals are chemical compounds used to improve the efficacy and efficiency of activities at an oilfield site. Various chemicals are used at diverse stages of process, starting from the borehole drilling, to stimulation and application, and finally to the closing of the borehole. Organic and inorganic, both chemicals are used as base chemicals that provide distinct and sophisticated functionalities such as matrix fluid or as weighting agents in order to increase the specific weight of the drilling fluid.

Market Dynamics

Based on applications, oilfield chemicals has been segregated into upstream, midstream, and downstream chemicals. Furthermore, under upstream segment, drilling chemicals category held the significant market share of around 15.0% in the global market in 2018. The growth in unconventional and offshore fields is likely to propel the demand for oilfield chemicals in the coming years.

Oilfield chemicals are used as cementing super plasticizers, corrosion inhibitors, emulsion breakers, drilling additives, and paraffin dispersants. Global oilfield chemicals market continues to witness strong growth as it has led to cost-effective Applications, extraction, and exploration of oil and natural gas. Oil field chemicals contribute in achieving the greater efficiency and Applications which cost-effectively maximize the recovery of oil and gas reserves, while minimizing the impact on the environment.

Among regions, Asia Pacific held third largest market share in the global oilfield chemicals market. Factors such as increasing demand for petroleum-based fuel from transportation sector is expected to drive the demand for oilfield chemicals in the region. Furthermore, growing number of deep-water drilling operations is likely to provide impetus opportunities for industry players in Asia Pacific in the near future.

Key features of the study:

• This report provides an in-depth analysis of global oilfield chemicals market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new Application launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global oilfield chemicals market based on the following parameters – company overview, financial performance, Application portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Baker Hughes Inc., Halliburton, Schlumberger Ltd., Weatherford International Ltd, Diamoco Group, Royal Dutch Shell Plc, Solvay S.A, BASF, Chevron Phillips Chemical Company LLC., The Lubrizol Corporation, Clariant Specialty Chemicals, and Croda International Plc
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future Application launches, technology up gradation, market expansion, and marketing tactics
• The global oilfield chemicals market report caters to various stakeholders in this industry including investors, suppliers, Oilfield Chemicals manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global oilfield chemicals market

Detailed Segmentation:

• Global Oilfield Chemicals Market, By Application :
  • Upstream
    • Drilling Chemicals
    • Cementing Chemicals
    • Application on Chemicals
    • Workover & Completion (incl. Flowlines and Application on Pipelines)
    • Stimulation Chemicals
    • Enhanced Oil Recovery Chemicals
  • Midstream
    • Flow Assurance
    • Cargo Additives
    • Water Treatment Chemicals
    • Desalting Chemicals
    • Slop Oil Movement
    • Others
  • Downstream
    • Petrochemical Additives
    • Refinery Process Chemical
    • Refinery and Finished Fuel Additives
•  Global Oilfield Chemicals Market, By Region:
  • North America
    • By Country:
      • U.S
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • Baker Hughes Inc.
    • Company Overview
    • Application Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Halliburton
  • Schlumberger Ltd.
  • Weatherford International Ltd
  • Diamoco Group
  • Royal Dutch Shell Plc
  • Solvay S.A
  • BASF
  • Chevron Phillips Chemical Company LLC.
  • The Lubrizol Corporation
  • Clariant Specialty Chemicals
  • Croda International Plc

“*” marked represents similar segmentation in other categories in the respective section